Nissay Asset Management Corp Japan ADV Acquires New Holdings in Millrose Properties, Inc. $MRP

Key Points

• Nissay Asset Management Corp Japan ADV acquired 18,427 shares of Millrose Properties, Inc., valued at approximately $488,000, marking a significant investment in the company's stock.
• Goldman Sachs raised their target price for Millrose Properties from $28 to $31.50, maintaining a "buy" rating, indicating positive analyst sentiment towards the stock.
• Millrose Properties recently announced a quarterly dividend of $0.69 per share, resulting in an annualized yield of 7.9%, providing shareholders with a steady income stream.

Nissay Asset Management Corp Japan ADV acquired a new position in shares of Millrose Properties, Inc. (NYSE:MRP - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 18,427 shares of the company's stock, valued at approximately $488,000.

Other large investors have also added to or reduced their stakes in the company. CENTRAL TRUST Co purchased a new stake in Millrose Properties during the first quarter worth about $27,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Millrose Properties in the first quarter worth about $27,000. Summit Securities Group LLC purchased a new position in shares of Millrose Properties in the first quarter worth about $28,000. William B. Walkup & Associates Inc. purchased a new position in shares of Millrose Properties in the first quarter worth about $29,000. Finally, Assetmark Inc. purchased a new position in shares of Millrose Properties in the first quarter worth about $34,000.

Millrose Properties Trading Up 1.1%

Shares of MRP traded up $0.38 during trading hours on Monday, hitting $35.02. The company's stock had a trading volume of 159,807 shares, compared to its average volume of 1,916,568. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.06 and a quick ratio of 0.06. The business has a 50 day simple moving average of $32.12 and a two-hundred day simple moving average of $28.01. Millrose Properties, Inc. has a 52-week low of $19.00 and a 52-week high of $36.00.

Millrose Properties (NYSE:MRP - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.68 earnings per share for the quarter. The business had revenue of $149.00 million during the quarter.

About Millrose Properties

Millrose Properties, Inc is a real estate investment and management company that focuses on acquiring, developing, and managing high-quality commercial properties. They are headquartered in Purchase, New York.